Weekly Forex News Events for EURUSD – 20th to 24th March 2017

EURUSD had a bullish week. We had anticipated that the last week would have been a massive week because of the scheduled news events. It really was. FOMC’s events made the pair take huge move. Let us now have a look at the next week’s news events schedule.

Monday-20^th March-11.30 GMT

• President Trump speaks

We remember the huge move on the day of the US president election. However, this time it will not be as volatile as it was on that day. Nevertheless, EURUSD might get volatility to some extent around the time of his speech.

Wednesday-22^nd March- 2.30 GMT

• Crude Oil inventories

This event can be dangerous for the Intra-day EURUSD traders. It might create some excellent opportunities, but those opportunities should be taken once the event is over.

Thursday- 23^rd March-12.30 GMT

• Unemployment claims

This is going to be the news event of the next week. Last 4 weeks, the outcomes have been adjacent to the forecast. Thus, the pair did not react to this news event that much. This week’s forecast is an average one. We might not see a huge difference between the forecast and the actual claim. Thus, the pair might not dance to its low music as things have been going with this event. Nevertheless, this is one news event, which must be taken care by the Intra-day traders. The best thing to do would be taking entries after the affect of the news event.

Thursday-23^rd March- 12.45 GMT

• Fed Chair Yellen speaks

This is going to be the last high impact news event of the next week. It would not make difference to long time frame traders. However, it could create long spikes on the Intra-day charts that would sweep off the stop losses.